With tax season underway and the Internal Revenue Service (IRS) accepting returns, Massachusetts taxpayers need to ensure that they are prepared to meet their federal filing and payment obligations by Tax Day, which is April 15, 2025. Among other things, this means avoiding common mistakes that have the potential to trigger not only interest and penalties but also scrutiny from the IRS. Here is an overview of five common mistakes to avoid from Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More

The final round of federal estimated tax payments for the 2024 tax year was due on January 15, 2025. So, what if you’re late? Boston IRS tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains.Read More

On January 10, 2025, the Internal Revenue Service (IRS) announced that it has issued final regulations identifying certain partnership related-party “basis shifting” transactions as “transactions of interest.” This has significant implications for partnerships and partners that engage in these transactions, and it is a development that will require careful consideration going forward. Learn more from Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group.Read More